IPO listing for Parth Electricals: Shares reach a 5% upper circuit and list at a 2% premium at ₹174.

Parth Electricals IPO listing: On Monday, August 11, shares of Parth Electricals & Engineering made a mediocre debut, rising 2.4% from their issue price of ₹170 to ₹174. The shares reached its 5% upper circuit of ₹182.70 shortly after the debut. According to grey market sources, the SME stock was expected to list for approximately ₹176, hence the listing was largely in accordance with expectations. Parth Electricals & Engineering began as a service provider before branching out into electrical equipment manufacture. Compact substations (CSS), control and relay panels (CRP), earth link boxes, medium-voltage (MV) switchgear panels, and vacuum circuit breaker (VCB) panels are among its offerings.